Louisiana State Employees Retirement System Invests $1.47 Million in Victory Capital Holdings, Inc. $VCTR

Louisiana State Employees Retirement System acquired a new position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 22,700 shares of the company’s stock, valued at approximately $1,470,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Nisa Investment Advisors LLC grew its stake in shares of Victory Capital by 2,131.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 424 shares of the company’s stock valued at $27,000 after buying an additional 405 shares during the period. Maseco LLP acquired a new stake in Victory Capital during the second quarter worth $30,000. CWM LLC increased its stake in Victory Capital by 29.0% during the third quarter. CWM LLC now owns 973 shares of the company’s stock worth $63,000 after acquiring an additional 219 shares during the last quarter. AdvisorNet Financial Inc purchased a new stake in Victory Capital in the third quarter valued at $65,000. Finally, Quantbot Technologies LP lifted its stake in shares of Victory Capital by 206.0% in the 2nd quarter. Quantbot Technologies LP now owns 1,224 shares of the company’s stock valued at $78,000 after purchasing an additional 824 shares during the last quarter. 87.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Bank of America lifted their price target on shares of Victory Capital from $83.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. The Goldman Sachs Group reissued a “buy” rating and issued a $76.00 target price on shares of Victory Capital in a research report on Tuesday, September 23rd. Barclays lowered their price target on Victory Capital from $72.00 to $68.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 21st. Zacks Research downgraded Victory Capital from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 5th. Finally, Morgan Stanley lifted their target price on Victory Capital from $68.00 to $70.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 17th. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $75.00.

Victory Capital Stock Up 0.3%

Victory Capital stock opened at $68.93 on Tuesday. The company has a market capitalization of $4.48 billion, a P/E ratio of 17.58, a PEG ratio of 0.67 and a beta of 1.07. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.26 and a current ratio of 1.26. Victory Capital Holdings, Inc. has a fifty-two week low of $47.00 and a fifty-two week high of $73.00. The stock has a 50-day simple moving average of $63.53 and a 200-day simple moving average of $66.16.

Victory Capital (NASDAQ:VCTR) last issued its quarterly earnings data on Thursday, November 6th. The company reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.03. The company had revenue of $361.20 million for the quarter, compared to the consensus estimate of $361.14 million. Victory Capital had a net margin of 25.27% and a return on equity of 24.23%. Victory Capital’s revenue for the quarter was up 60.1% on a year-over-year basis. During the same period last year, the firm posted $1.35 EPS. Equities research analysts expect that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current year.

Victory Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Wednesday, December 10th were issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Wednesday, December 10th. Victory Capital’s dividend payout ratio (DPR) is currently 50.00%.

Victory Capital Company Profile

Victory Capital (NASDAQ:VCTR) is a global investment management firm that provides a broad range of strategies across equities, fixed income, multi-asset and alternative investments. Serving institutional, intermediary and retail clients, the company delivers tailored solutions through active, research-driven portfolio management. Its product lineup includes traditional mutual funds, separately managed accounts, sub-advisory services and specialized strategies such as ESG-focused and municipal bond portfolios.

Founded in 1988, Victory Capital has expanded its capabilities via both organic growth and strategic acquisitions, integrating experienced investment teams to enhance its offerings in areas like smart beta, global equity and fixed income.